What great way to go Public than to be sued for $15bn Dollars

Facebook started trading under the symbol FB at the NASDAQ this morning with a value of $42 per share. In other news, Facebook is being sued for $15 billion over a claim that privacy was violated by tracking internet usage, reports Bloomberg.

“This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications,” says David Straite, a partner at Stewarts Law.

The U.S. Wiretap Act “provides statutory damages of the greater of $100 per violation per day, up to $10,000, per Facebook user,” according to the complaint. Facebook’s more than 800 million members are entitled to about $15 billion in total, according to the plaintiffs.